Timberwolves Sign Jaden McDaniels To One-Year, $40 Million Extension
The Minnesota Timberwolves have signed Jaden McDaniels to a one-year, $40 million contract extension that will run through the 2029-30 season. The extension provides cost certainty for the team and recognizes McDaniels' development as a two-way player, including career-best scoring…
Miami Fort Lauderdale, FL, October 20, 2026 —
The Minnesota Timberwolves have signed Jaden McDaniels to a one-year contract extension worth $40 million, with the deal running through the 2029-30 season. The agreement gives the team cost certainty and reflects McDaniels’ development as a two-way player, according to the information provided.
McDaniels posted career-best scoring and shooting percentages during the 2025-26 season. The summary does not provide the specific figures for either statistic, or describe how his performance changed from previous seasons. It characterizes his development as a two-way player but does not include further details about his contributions.
The extension’s stated value and term are the available contract details. No information was provided about the date the agreement was signed, its payment schedule, other contract terms, or whether the deal includes options or incentives. The summary also does not identify comments from McDaniels, the Timberwolves or team officials.
The agreement is described as providing cost certainty for Minnesota while recognizing McDaniels’ progress. The information provided does not explain the team’s broader financial plans or how the extension affects its other roster decisions. It also does not give additional context about McDaniels’ role with the team.
The stated end point of the extension is the 2029-30 season. Beyond the contract’s one-year designation, $40 million value and stated duration, no further details about its structure were provided.
Story summarized from the original created by By DAVE CAMPBELL, Associated Press on www.local10.com, see more information here.
